Total world aluminum output in April fell by 62,000 metric tons to 1.983 million tons, from 2.045 million tons in March, according to figures released Thursday by the International Aluminum Institute. Aluminium has touched a low of Rs 90.85 a kg after opening at Rs 92.85, and last traded at Rs92.5.For today market is looking for the support at 91, a break below could see a test of 89.6 and where as resistance is now likely to be seen at 93.8, a move above could see prices testing 95.1.

Trading Ideas:

Trading Ideas:

Aluminium trading range is 89.6-95.1.

Total world aluminum output in April fell by 62,000 metric tons – IAI

Support for aluminium is at 91.00 and resistance is at 93.80 level.

Aluminium daily stock at Shanghai exchange came down by -3338 tonnes.

SELL ALUMINIUM MAY @ 93.50 SL 94.40 TGT 92.80-91.80.MCX